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Small and Medium Enterprises (SME) Classification

This guide helps suppliers identify what SME classification they are as per the official guidance to allow confirmation to the University.

SME Classification Matrix

Size of Enterprise Staff Thresholds Turnover Thresholds Balance Sheet Thresholds
Micro Enterprise <10 ≤ 2million EURO ≤ 2million EURO
Small Enterprise <50 ≤ 10million EURO ≤ 2million EURO
Medium <250 ≤ 50million EURO ≤ 2million EURO

Source: EU Enterprise and Industry Publication by the European Commission 2005.


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